On July 16th, Futu News reported that the major indexes in the Hong Kong stock market were weakly volatile. As of the time of publication, the Hang Seng Index fell 1.15%, the Guo Index fell 1.13%, and the Kechuang Index fell 1.54%.
In terms of sectors, network technology stocks fell across the board, with Ctrip falling more than 4%, JD Health and Kuaishou falling more than 3%, and Baidu, JD.com, and Ali Health falling more than 2%. Meituan, Xiaomi, and Tencent fell more than 1%.
Apple-related stocks rose, with Sunny Optical Technology rising more than 3%, Cowell and Q Tech rising more than 2%.
Insurance stocks fell, with Ping An Insurance falling more than 4%, AIA, China Taiping, and New China Life Insurance falling more than 2%.
Mainland real estate stocks mostly rose, with Shimao Group rising more than 8%, Sino-Ocean Group rising more than 4%, and Sunac, Cifi Holdings Group, and Radiance Holdings rising more than 3%.
Gold-related stocks performed strongly, with Shandong Gold rising more than 4%, Zhaojin Mining and Lingbao Gold rising more than 2%, and Zijin Mining Group rising more than 1%.
Sporting goods stocks collectively fell, with 361 Degrees and Li Ning falling more than 4%, Topsports falling more than 3%, and Anta and Xtep falling more than 2%.
In terms of individual stocks,$PING AN (02318.HK)$The company's plan to issue $3.5 billion of 0.875% convertible bonds due in 2029 based on a general authorization caused a more than 4% decline.
$NONGFU SPRING (09633.HK)$The company sent a lawyer's letter to Hong Kong Consumer Council demanding a formal apology, resulting in a more than 3% decline.
$TCL ELECTRONICS (01070.HK)$The company is expected to see a growth of approximately 130% to 160% in adjusted net income attributable to shareholders in the first half of the year, leading to a more than 11% decline.
$CHALCO (02600.HK)$According to SMM data, the downstream processing leading enterprises of aluminum continue to decline in weekly production, and aluminum prices are expected to remain weak in the short term, resulting in a nearly 4% decline.
Editor/Jeffy